Electronic Arts Inc. (NASDAQ:EA) Stake Boosted by National Pension Service

National Pension Service grew its stake in shares of Electronic Arts Inc. (NASDAQ:EA) by 11.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 829,138 shares of the game software company’s stock after acquiring an additional 87,327 shares during the period. National Pension Service’s holdings in Electronic Arts were worth $118,932,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Robeco Institutional Asset Management B.V. grew its holdings in shares of Electronic Arts by 12.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 726,016 shares of the game software company’s stock valued at $104,140,000 after acquiring an additional 81,784 shares in the last quarter. Harvey Capital Management Inc. lifted its stake in shares of Electronic Arts by 68.8% in the 3rd quarter. Harvey Capital Management Inc. now owns 53,021 shares of the game software company’s stock valued at $7,605,000 after purchasing an additional 21,618 shares during the last quarter. VELA Investment Management LLC acquired a new stake in shares of Electronic Arts in the 3rd quarter valued at $356,000. Shepherd Financial Partners LLC lifted its stake in shares of Electronic Arts by 1.6% in the 3rd quarter. Shepherd Financial Partners LLC now owns 5,690 shares of the game software company’s stock valued at $816,000 after purchasing an additional 88 shares during the last quarter. Finally, Stephens Inc. AR lifted its stake in shares of Electronic Arts by 69.7% in the 3rd quarter. Stephens Inc. AR now owns 4,752 shares of the game software company’s stock valued at $682,000 after purchasing an additional 1,952 shares during the last quarter. 90.23% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total transaction of $151,700.00. Following the sale, the insider now directly owns 30,190 shares of the company’s stock, valued at approximately $4,579,823. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Electronic Arts news, insider Vijayanthimala Singh sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $151.70, for a total transaction of $151,700.00. Following the sale, the insider now directly owns 30,190 shares of the company’s stock, valued at approximately $4,579,823. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Andrew Wilson sold 2,500 shares of the company’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $148.88, for a total transaction of $372,200.00. Following the sale, the chief executive officer now directly owns 56,747 shares in the company, valued at $8,448,493.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,644 shares of company stock valued at $3,491,207. 0.22% of the stock is currently owned by insiders.

Electronic Arts Stock Performance

NASDAQ EA opened at $152.89 on Tuesday. The stock has a market cap of $40.39 billion, a P/E ratio of 39.30, a PEG ratio of 2.05 and a beta of 0.78. The company’s 50-day simple moving average is $144.96 and its 200 day simple moving average is $140.39. Electronic Arts Inc. has a twelve month low of $124.92 and a twelve month high of $153.51. The company has a quick ratio of 1.45, a current ratio of 1.43 and a debt-to-equity ratio of 0.25.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 18th. Investors of record on Wednesday, November 27th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $0.76 dividend on an annualized basis and a yield of 0.50%. Electronic Arts’s payout ratio is currently 19.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on EA shares. Stifel Nicolaus lifted their price objective on shares of Electronic Arts from $165.00 to $167.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. DZ Bank raised shares of Electronic Arts from a “hold” rating to a “buy” rating and boosted their target price for the stock from $135.00 to $177.00 in a research report on Thursday, October 31st. Raymond James boosted their target price on shares of Electronic Arts from $155.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Benchmark reissued a “buy” rating and set a $163.00 target price on shares of Electronic Arts in a research report on Wednesday, October 30th. Finally, TD Cowen boosted their target price on shares of Electronic Arts from $163.00 to $183.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $164.39.

Electronic Arts Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.